Thats my face when I look at my Scottrade account the last few months since I have pretty much all my money in BAC.
I also been Banking with BAC since it was .. Damn its been a long time
Facts are there will be no hike in dividends this years.
And like I said....the mere potential of a divi/buyback will ward off evil shorters. The ball is in BAC longs' corner now.
Ze200...I respect your ability to adjust your investment thesis as things change.
Read this article a little while ago. I think she's doing a hell of a job for BAC.
I cannot believe I sold all of my shares at almost break-even at $5.88 in early January. I remember it falling to $4.99 and I was losing so much money, I had to sell at a break even at that price. I had accumulated over 7k shares at one point and I sold for barely any profit. Coulda, woulda, shoulda, made $32,000.
What's with you pretending you know people's positions or how they're trading. You watch too much tv b/c BAC was never near the edge of any cliff in 2011. I accumulated all the way down and you'll just say that was a mistake because I didn't pick the exact bottom?? How many shares do you own at 5.42?? To your point, what an idiot Buffet is for buying warrants at $7.14 when he could have had common at $4.92 instead. Most of the time, you make no sense. your opinions are not helpful either.You always jab at people and it makes you sound very insecure.
BAC screamed through resistance at $9.54 and I'm thinking it will easily hit $11.50.
WASHINGTON (Reuters) - The Federal Reserve bank said on Friday it had made mistakes in calculating bank losses in stress test results released this week.
But the Federal Reserve noted the revisions -- which affect Citigroup (NYS:C), Bank of America (NYS:BAC - News), and three others -- have no effect on key figures like capital ratios, which estimate how bank reserves would fare under scenarios imagined by the tests, which include skyrocketing unemployment, a tanking market and a deep recession.
In results first released on Tuesday, the Fed gave glowing marks to most of the large banks, passing 15 out of 19 tested, and underscoring the recovery of the financial sector.